Average price of housing in Yerevan grew by 0.1 percent in first quarter of 2014

YEREVAN, May 5. / ARKA /. The average market price of a square meter of housing in apartment buildings in Yerevan in the first quarter of 2014 rose by 0.1 percent from the fourth quarter of 2013, the State Committee of Real Estate Cadastre said today.

For comparison, the average market price of a square meter of housing in apartment buildings in Yerevan in the first quarter of 2013 was 268,100 drams, in the fourth quarter it rose to 273.100 drams and in the first quarter of 2014 it was 273,400 drams.

The highest price was in Kentron (Center) administrative district of the capital city - 428,000 drams per square meter, the lowest was in Nubarashen district- 153,900 drams.

The average price of a square meter of housing in residential buildings in the regions of the country in the first quarter of 2014 also increased by 0.1 percent from the fourth quarter of 2013. The highest price was in the resort town of Tsakhkadzor (292,500 drams) and the lowest was in Dastakert (Syunik province) and Shamlugh (Lori province) rural communities -8,000 drams .